Bank Of Nova Scotia ( (TSE:BNS) ) has issued an announcement.
Scotiabank reported a significant drop in its first-quarter net income to $993 million, primarily due to a $1,355 million impairment loss from the sale of its banking operations in Colombia, Costa Rica, and Panama. Despite this, the bank’s adjusted net income rose to $2,362 million, with strong performances in Global Wealth Management and Global Banking and Markets. The bank continues to focus on its North American markets and simplifying its international portfolio, as evidenced by recent strategic moves.
More about Bank Of Nova Scotia
The Bank of Nova Scotia, commonly known as Scotiabank, operates in the financial services industry, offering a range of banking products and services. It focuses on personal and commercial banking, wealth management, and corporate and investment banking, with a significant presence in North America and international markets.
YTD Price Performance: -4.44%
Average Trading Volume: 1,505,116
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $62.27B
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